@SoumayaKeynes #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth “How economists could make themselves more useful?” Economics claims to be #Science but is NOT. The history of economic thought is the history of scientific failure. The major approaches (#Walrasianism,…

@EconomicsinTen @SoumayaKeynes @boemuseum #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth “How economists could make themselves more useful?” Economics claims to be #Science but is NOT. The history of economic thought is the history of scientific failure. The major approaches (#Walrasianism,…

@NurderK @adam_tooze #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth The correct term for the German polity is NOT #Democracy but #Oligarchy with key institutions like #Parliament / #Treasury / #CentralBank / #BigBusiness as integral parts. This institutional setup thrives on…

@rodrikdani @econromesh #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got #Profit wrong.…

@johanknorberg #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth The so-called #FreeMarketEconomy runs on #Profit. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Their…

@Econlib #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth The history of economic thought is the history of scientific failure. The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory and…

@GustavAHorn @OrdoliberalBG #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth The history of economic thought is the history of scientific failure. #Hayek, for example, NEVER understood what #Profit is and how the economic #System works. When the foundational concepts of the subject matter…

@R2Rsquared @FabioGhironi #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got #Profit wrong.…

@sfliberty #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth #Austrianism von Mises: “In the imaginary construction of a stationary economy the total sum of all entrepreneurs’ profit equals the total sum of all entrepreneurs’ losses.” This is provably false. Obviously, von…

@IvanWerning @FabioGhironi #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth Everyone has a #Model in their head. But #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives are mutually contradictory and axiomatically false and materially/formally inconsistent and…

@PeterBoettke #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth The major approaches (Walrasianism, Keynesianism, Marxianism, Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. When…

@Econlib #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth “Most mainstream economists view #MMT as a crackpot theory, …” As a matter of fact, both mainstream econ and MMT are proto-scientific garbage. The major approaches (#Walrasianism, #Keynesianism, #Marxianism,…

@GustavAHorn @vorwaerts #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the 1%ers a.k.a. Oligarchy and their loudspeakers in #Parliament / #Academia / #Media should always argue for…

@sfliberty #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth Since the founding fathers, #Economists have claimed to be doing science but they did NOT. What they really did was to disguise political #AgendaPushing as #Science or #EnlightenedPhilosophy. Adam Smith NEVER…

@fiscalfuture_de #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth The correct term for the German polity is NOT #Democracy but #Oligarchy with key institutions like #Parliament / #Treasury / #CentralBank / #BigBusiness as integral parts. This institutional setup thrives on…

@sfliberty #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth The history of economic thought is the history of scientific failure. #Hayek, for example, NEVER understood what #Profit is and how the economic #System works. When the foundational concepts of the subject matter…

@AchimTruger #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth Since 2018, the Trump and Biden administrations have lifted the #DebtCeiling several times. ⇓ Did this help to significantly improve public infrastructure, alleviate poverty, or improve the future of American…

@BrankoMilan @daniel_dsj2110 #Economics #FailedFakeScience #Economists #StupidOrCorruptOrBoth Milton Friedman never understood what #Profit is and how the economic #System works. That's rather bad for an #Economist. Friedman and the cluelessness of fake scientists axecorg.blogspot.com/2017/01/friedm…